TKFG RWA Digest (Week 43, Oct 19 – Oct 25, 2026)
Europe is not catching up to tokenization. Europe is setting the pace. Boerse Stuttgart's Seturion became the first European exchange group to receive a DLT license. Generali tokenized its €13B money market fund. JPMorgan brought its deposit token to Ethereum. HSBC launched its first stablecoin to 3.3 million users.
1. Börse Stuttgart's Seturion Becomes First European Exchange Group to Receive DLT TSS License
@boersestuttgart's Seturion received the fifth DLT TSS license under the EU DLT Pilot Regime, the first for a European exchange group.
@BaFin,
@ESMA_EU and
@ecb all involved.
@SocieteGenerale, flatex DEGIRO,
@Nasdaq and SG Forge already on board.
2. Generali Launches Digitally Native Share Class of Its €13B Luxembourg Money Market Fund
@generalitat Investments launched a digitally native share class in its €13B Luxembourg MMF. One of the top 10 EU asset managers taking its first step into tokenized fund infrastructure. Initially restricted to group companies with broader rollout planned.
3. Standard Chartered's Libeara Acquires Zodia Markets Jersey for Intraday Tokenized Fund Dealing
@StanChart's Libeara acquired Zodia Markets Jersey to enable intraday liquidity for tokenized funds. $810M on platform. Jersey VASP license enables stablecoin on and off-ramping for fund transactions.
4. JPM Coin Goes Live on Ethereum as First G-SIB Deposit Token on the Network
@JPMorgan's Kinexys brought JPMD to Ethereum, making it the first G-SIB deposit token on the Layer 1 network. $4T+ cumulative transactions, $7B average daily volume. Institutional clients now have multi-chain USD optionality.
5. HSBC Launches RedCoin Stablecoin to 3.3 Million PayMe Users
@HSBC launched RedCoin, its first HKD stablecoin, on PayMeHSBC for 3.3 million users and 100,000 merchants. HKMA licensed under Hong Kong's Stablecoins Ordinance. Tokenized investment access coming next.
6. JPMorgan Asset Management Expands Tokenized MMFs to Solana
@JPMorgan Asset Management made MONY and JLTXX available on
@Solana to qualified U.S. investors via Morgan Money. JLTXX specifically designed for stablecoin issuers under the GENIUS Act.
#Capitalmarket #Digitalfinance #RWA #Tokenization